Canadian Natural Resources: Resilient Cash Flow and Capital Returns Reinforce Long-Term Investment Narrative

Canadian Natural Resources reported strong cash flow, low operating costs, and a robust pipeline of growth opportunities. The company's nearly CA$100 billion valuation, oil production near 1.6 million barrels per day, and net debt-to-EBITDA ratio below 1 underscore its financial stability. Canadian Natural's commitment to capital returns and disciplined growth further reinforces its long-term investment narrative, despite industry headwinds and external pressures on carbon emissions and regulatory costs.